China’s growing debt a great Bitcoin ‘buying opportunity’ — Arthur Hayes
Bitcoin may strengthen its status as a hedge against monetary debasement due to China’s plans for over $1.4 trillion in new debt, raising interest among traders.
Related Posts


Bitcoin mining’s future is green, and Russia has the best chance
Last month, Chinese President Xi Jinping, declared that China has plans to become carbon neutral by 2060, calling for a “green revolution.”If the plan is properly implemented, it could help China to finally shed its biggest-polluter status and significantly improve the global ecosystem, which could also drastically shake up the country’s eminent Bitcoin (BTC) mining…

EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged GDPR violations.“The breathless pace of development means data protection regulators need to be prepared for another scandal,” Wiewiórowski told MIT’s Technology Review during a recent interview, invoking the Cambridge Analytica scandal for reference. Wiewiórowski’s…

Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more
The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized…

Keyless Wallet Provider Zengo Now Holds SGA Stablecoin
Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies.“ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the…

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet
Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

DeFi protocol Porter Finance shuts down bond issuance platform after just one month
The firm cited better interest rates from traditional finance loans and regulatory risks in mulling the bond platform. 127 Total views 25 Total shares Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance…

WSJ: Automated Trading Programs Manipulate Digital Currency Prices
Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrency exchanges, according to a Wall Street Journal (WSJ) report October 2.Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by…

Coinbase Legal Chief Wants Private Sector to Create US Digital Dollar
Coinbase’s legal chief, Brian Brooks, feels that the United States government should take a step back and allow the private sector to create the U.S. digital dollar.Private sector should build the technologyIn a Fortune piece on Nov. 4, Brooks asked whether the U.S. government should create the digital dollar, or whether the private sector can…